Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...
Damascus, Syria -- Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports...
London, United Kingdom -- A source close to Sheikh Jassim Bin Hamad Al Thani said Thursday that the Qatari bidders...United announced in November that the board was exploring "strategic alternatives to enhance the club's growth", with a full sale one of the options.
Sheikh Jassim made a final bid for the club and it is understood that his offer is viewed more favorably by the owners than a rival bid from British billionaire Jim Ratcliffe.
Insurance services results in Q1 improved by US$55 million.The growth in revenues were offset by an increase in claims incurred and attributable expenses by US$172 million.
Tawuniya booked additional risk adjustments of US$10 million in Q1 2023 and additional acquisition costs of US$18 million.
Stora Enso plans to permanently close four units in Europe.Stora Enso employs 22,000 people in over a dozen countries around the world, including South America and China.
The planned restructuring actions would result in a 380 million euro ($411 million) hit to Stora Enso's annual sales.
- JV to develop accommodation project in Abu Dhabi island.
This project aims to address the diverse housing needs of employees in sectors such as healthcare, transportation.
Upon completion, the project will cater to approximately 5,000 staff, offering a convenient environment.
This facility replaces an existing partially utilized term loan of the same amount.The loan is split into a term loan of AED 4.4 billion, equivalent to the drawn-down amount from the previous agreement, and a revolving credit facility of AED 3.2 billion.
The company said the new loan facility offers greater financial flexibility and more favorable terms, resulting in immediate interest expense savings over the five-year period.
- DUBAI, UAE - The Ministry of Energy and Infrastructure (MoEI) has joined UAE's National In-Country Value (ICV) program following a...
The MoU supports national strategic objectives to boost the growth of the industrial and advanced technology sectors.
It aligns with the National ICV program's aims to enhance economic growth by redirecting government expenditure into the national economy.
Riyadh, Saudi Arabia -- Saudi Arabia's General Authority of Ports, known as Mawani, has joined forces with Albanova International Company,...This initiative is part of a project aimed at developing a leading center for bunkering ships at King Fahd Industrial Port in Yanbu.
The 393,000-square-meter center aims to accommodate storage tanks for trading, blending, and storing petroleum materials, meeting the logistical demands of the petroleum industry.
From Indonesia, TikTok Shop "aggressively expanded into five additional Southeast Asian markets, many of which boasted large populations of TikTok...TikTok Shop capitalised on the legions of users of the popular video-sharing app to expand its business in 2022 after testing the waters in Indonesia in 2021
While it lagged rivals Shopee and Lazada, TikTok Shop posted fastest growth rate expanding its gross merchandise value, sevenfold to $4.4 billion in 2022
- The US central bank, as expected, opted to hold its benchmark lending rate between 5.0 percent and 5.25 percent. But...
The broad-based S&P 500 added 0.1 percent at 4,372.59, while the tech-rich Nasdaq Composite Index climbed 0.4 percent to 13,626.48
Powell described inflation as still too high, but added that the central bank had made no decisions yet about its July meeting or subsequent gatherings
Exhorting the Security Council to adopt what she called as innovative attempts to address the interplay between climate change, peace...The minister exhorted the council to approach conflicts through a climate-sensitive lens, strengthening the capacity of relevant peace operations
Chairing presidency of the UN Security Council for June, the UAE held the debate under the title "threats to international peace and security"
